tempt in progress\nyour answer is partially correct.\nentered here are the components in blossom companys…

tempt in progress\nyour answer is partially correct.\nentered here are the components in blossom companys income statement. determine the missing amounts.

tempt in progress\nyour answer is partially correct.\nentered here are the components in blossom companys income statement. determine the missing amounts.

Answer

Explanation:

Step1: Recall income - statement formula

Net Income = Gross Profit - Operating Expenses

Step2: Solve for (a)

There is no information related to calculating (a) in the given formula and data, so we skip it for now.

Step3: Solve for (b)

Given Gross Profit = $30,000$, Net Income = $10,810$. Using the formula Net Income = Gross Profit - Operating Expenses, we can find Operating Expenses. Operating Expenses = Gross Profit - Net Income. So, Operating Expenses (b)=$30000 - 10810=$19190$.

Step4: Solve for (c)

There is no information related to calculating (c) in the given formula and data, so we skip it for now.

Step5: Solve for (d)

Given Gross Profit = $38000$, Net Income = $29,510$. Using the formula Net Income = Gross Profit - Operating Expenses, Operating Expenses (d)=$38000 - 29510=$8490$.

Step6: Solve for (f)

Given Gross Profit = $109,610$, Operating Expenses = $46,210$. Using the formula Net Income = Gross Profit - Operating Expenses, Net Income (f)=$109610 - 46210=$63400$.

Answer:

(b) $19190$ (d) $8490$ (f) $63400$